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Filing status depends in part on marital status and family situation. [2] There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married person filing separately, head of household, and qualifying widow(er) with dependent children. [1]
The standard deduction is a set amount based on your filing status, ... Qualifying surviving spouse. $29,200 (up $1,500 from 2023) Married filing separately. $14,600 (up $750 from 2023)
Tax Rate. Single. Married Filing Jointly or Qualifying Surviving Spouse. Married Filing Separately. Head of Household. 10%. $0 to $11,600. $0 to $23,200. $0 to $11,600
Filing status. Your filing status options include: Single or Married filing separately. Married filing jointly or qualified surviving spouse.
Filing status Year Single Married filing separately Married filing jointly Qualifying surviving spouse Head of household 2024 [6]: $14,600 $29,200 $21,900
The U.S. federal estate and gift tax marital deduction is only available if the surviving spouse is a U.S. citizen. For a surviving spouse who is not a U.S. citizen, a bequest through a Qualified Domestic Trust defers estate tax until the principal is distributed by the trustee, a U.S. citizen or corporation who also withholds the estate tax ...
Married Filing Jointly Standard Deduction: When filing with the married filing jointly tax-filing status, a couple can take a standard deduction of $24,800 for 2020. Learn More: 9 Tax Tips Every ...
$29,200 – Married Filing Jointly or Qualifying Surviving Spouse (increase of $1,500 from 2023) $21,900 – Head of Household (increase of $1,100 from 2023) ... Nonresident aliens or dual-status ...